8-K 1 srm04005_dec.txt DECEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2004 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-92140-44 54-2152455 54-6612488 Pooling and Servicing Agreement) (Commission 54-2152456 54-6616716 (State or other File Number) 54-2152457 54-6616717 jurisdiction 54-2152458 54-6616718 of Incorporation) 54-2152459 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-5 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-5 Trust, relating to the December 27, 2004 distribution. EX-99.1

Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~SARM~~Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Series: 2004-5 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A1 86359BPM7 SEN 4.~~52510~~52097% ~~184~~178,~~521~~804,~~551~~419.0135 ~~695~~673,~~815~~640.7257 59,~~717~~104,~~131~~984.6660 2-A 86359BPP0 SEN 4.~~68919~~68678% ~~122~~120,~~833~~093,~~223~~790.7788 ~~479~~469,~~990~~044.3109 24,~~739~~913,~~432~~554.8954 3-A1 86359BPQ8 SEN 4.38000% ~~274~~266,~~719~~728,~~033~~870.9248 1973,~~002,724~~560.4838 7,~~990,~~163,379.4472 3-A2 86359BPR6 SEN 4.90000% ~~114~~111,~~466~~137,~~264~~029.1337 ~~467~~453,~~403~~809.9154 32,~~329~~984,~~234~~741.7755 3-A3 86359BPS4 SEN 3.93000% 98,~~157~~890,~~301~~962.1335 29,~~990~~117.1690 ~~266~~238,~~338~~779.7832 3-A4 86359BPT2 SEN 4.20000% 22,~~893~~227,~~252~~405.8387 8077,~~126~~795.3992 ~~665~~596,~~846~~948.9531 3-A5 86359BPU9 SEN 4.37700% 9189,~~790~~121,~~955~~228.0740 ~~334~~325,~~807~~069.5168 2,~~669~~393,~~726~~476.6819 3-A6 86359BPV7 SEN 4.38000% 6,~~867~~668,~~975~~221.8576 2524,~~068~~339.1101 ~~199~~179,~~754~~084.0949 3-AX 86359BPW5 SEN 4.48000% 0.00 ~~141~~134,~~707~~028.5315 0.00 3-PAX 86359BPX3 SEN 4.48000% 0.00 9088,~~530~~626.7333 0.00 4-A 86359BPY1 SEN 4.62600% 9392,~~882~~221,~~818~~108.2901 ~~361~~355,~~918~~512.2737 1,~~661~~329,~~710~~473.2827 4-AX 86359BPZ8 SEN 4.62600% 0.00 2928,~~566~~867.3102 0.00 5-A 86359BQA2 SEN 5.00000% 106,~~689~~050,~~843~~334.5243 ~~444~~441,~~541~~876.0239 ~~639~~958,~~509~~057.0815 5-AX 86359BQB0 SEN 5.00000% 0.00 1716,~~063~~762.7176 0.00 B1 86359BQC8 SUB 4.~~62899~~62748% 48,~~196~~187,~~933~~133.53 185,~~919~~820.1081 9,~~800~~758.0087 B2 86359BQD6 SUB 4.~~62899~~62748% 10,~~842~~840,~~936~~731.7098 41,~~826~~804.5039 2,~~204~~195.7247 B3 86359BQE4 SUB 4.~~62899~~62748% 6,~~022~~021,~~743~~519.9533 23,~~232~~220.6638 1,~~224~~219.6248 B4 86359BQG9 SUB 4.~~62899~~62748% 6,~~022~~021,~~743~~519.9533 23,~~232~~220.6638 1,~~224~~219.6248 B5 86359BQH7 SUB 4.~~62899~~62748% 4,215,~~920~~063.7653 16,~~262~~254.8627 ~~857~~853.2364 B6 86359BQJ3 SUB 4.~~62899~~62748% 3,023,~~637~~022.3151 11,~~663~~657.6448 ~~614~~612.8022 P-I SRM0405P1 SEN 0.00000% 0.00 1637,~~978~~984.9415 0.00 P-II SRM0405P2 SEN 0.00000% 0.00 1614,~~129~~954.4496 0.00 R 86359BQF1 SEN 4.~~55185~~55049% 0.00 0.00 0.00 Totals 1,~~106~~080,~~147~~252,~~135~~361.7211 4,~~536~~446,~~499~~966.9693 2529,~~894~~878,~~774~~338.6130

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 ~~178~~169,~~804~~699,~~419~~434.3575 69,~~412~~778,~~947~~625.3817 0.00 2-A 0.00 ~~120~~115,~~093~~180,~~790~~236.8834 35,~~219~~382,~~423~~598.2063 0.00 3-A1 0.00 ~~266~~259,~~728~~565,~~870~~490.4876 8,~~992~~136,~~887~~940.9210 0.00 3-A2 0.00 ~~111~~108,~~137~~152,~~029~~287.3782 3,~~796~~438,~~638~~551.6809 0.00 3-A3 0.00 8,~~890~~652,~~962~~183.3503 ~~296~~267,~~328~~897.9422 0.00 3-A4 0.00 2221,~~227~~630,~~405~~457.8756 ~~745~~674,~~973~~744.3423 0.00 3-A5 0.00 8986,~~121~~727,~~228~~752.4021 32,~~004~~718,~~534~~545.1987 0.00 3-A6 0.00 6,~~668~~489,~~221~~137.7627 ~~224~~203,~~822~~423.2050 0.00 3-AX 0.00 0.00 ~~141~~134,~~707~~028.5315 0.00 3-PAX 0.00 0.00 9088,~~530~~626.7333 0.00 4-A 0.00 9290,~~221~~891,~~108~~634.0175 21,~~023~~684,~~628~~985.5564 0.00 4-AX 0.00 0.00 2928,~~566~~867.3102 0.00 5-A 0.00 ~~106~~105,~~050~~092,~~334~~277.4328 1,~~084~~399,~~050~~933.1054 0.00 5-AX 0.00 0.00 1716,~~063~~762.7176 0.00 B1 0.00 48,~~187~~177,~~133~~374.5366 195,~~719~~579.1068 0.00 B2 0.00 10,~~840~~838,~~731~~536.9851 4443,~~031~~999.2286 0.00 B3 0.00 6,~~021~~020,~~519~~299.3385 24,~~457~~439.2886 0.00 B4 0.00 6,~~021~~020,~~519~~299.3385 24,~~457~~439.2886 0.00 B5 0.00 4,~~215~~214,~~063~~209.5389 17,~~120~~107.0991 0.00 B6 0.00 3,~~023,~~022,410.5129 12,~~278~~269.4470 1,081.58 P-I 0.00 0.00 1637,~~978~~984.9415 0.00 P-II 0.00 0.00 1614,~~129~~954.4496 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,~~080~~050,~~252~~374,~~361~~022.1182 3034,~~431~~325,~~274~~305.5723 1,081.58 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A1 215,075,000.00 ~~184~~178,~~521~~804,~~551~~419.0135 4643,~~360~~115.6212 59,~~670~~061,~~771~~869.0448 0.00 0.00 2-A 134,226,000.00 ~~122~~120,~~833~~093,~~223~~790.7788 22,~~893~~617.3679 24,~~716~~890,~~539~~936.5375 0.00 0.00 3-A1 300,000,000.00 ~~274~~266,~~719~~728,~~033~~870.9248 4543,~~053~~754.3359 7,~~945~~119,~~110~~625.1213 0.00 0.00 3-A2 125,000,000.00 ~~114~~111,~~466~~137,~~264~~029.1337 18,~~772~~231.2208 32,~~310~~966,~~462~~510.5547 0.00 0.00 3-A3 10,000,000.00 98,~~157~~890,~~301~~962.1335 1,~~501~~458.7849 ~~264~~237,~~837~~320.0084 0.00 0.00 3-A4 25,000,000.00 22,~~893~~227,~~252~~405.8387 3,~~754~~646.4422 ~~662~~593,~~092~~302.5109 0.00 0.00 3-A5 100,238,000.00 9189,~~790~~121,~~955~~228.0740 1514,~~053~~619.5258 2,~~654~~378,~~673~~856.1661 0.00 0.00 3-A6 7,500,000.00 6,~~867~~668,~~975~~221.8576 1,~~126~~093.3386 ~~198~~177,~~627~~990.7563 0.00 0.00 3-AX 0.00 0.00 0.00 0.00 0.00 0.00 3-PAX 0.00 0.00 0.00 0.00 0.00 0.00 4-A 99,980,000.00 9392,~~882~~221,~~818~~108.2901 31,~~594~~705.0982 1,~~630~~297,~~116~~767.1945 0.00 0.00 4-AX 0.00 0.00 0.00 0.00 0.00 0.00 5-A 110,980,000.00 106,~~689~~050,~~843~~334.5243 22,~~656~~758.9109 ~~616~~935,~~852~~299.1706 0.00 0.00 5-AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 48,255,000.00 48,~~196~~187,~~933~~133.53 9,~~800~~758.0087 0.00 0.00 0.00 B2 10,856,000.00 10,~~842~~840,~~936~~731.7098 2,~~204~~195.7247 0.00 0.00 0.00 B3 6,030,000.00 6,~~022~~021,~~743~~519.9533 1,~~224~~219.6248 0.00 0.00 0.00 B4 6,030,000.00 6,~~022~~021,~~743~~519.9533 1,~~224~~219.6248 0.00 0.00 0.00 B5 4,221,000.00 4,215,~~920~~063.7653 ~~857~~853.2364 0.00 0.00 0.00 B6 3,028,363.00 3,023,~~637~~022.3151 ~~614~~612.8022 0.00 0.00 0.00 P-I 0.00 0.00 0.00 0.00 0.00 0.00 P-II 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 1,206,419,463.00 1,~~106~~080,~~147~~252,~~135~~361.7211 ~~224~~218,~~692~~859.5980 2529,~~670~~659,~~082~~478.0251 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A1 59,~~717~~104,~~131~~984.6660 ~~178~~169,~~804~~699,~~419~~434.3575 0.~~83135845~~78902446 59,~~717~~104,~~131~~984.6660 2-A 24,~~739~~913,~~432~~554.8954 ~~120~~115,~~093~~180,~~790~~236.8834 0.~~89471333~~85810675 24,~~739~~913,~~432~~554.8954 3-A1 7,~~990,~~163,379.4472 ~~266~~259,~~728~~565,~~870~~490.4876 0.~~88909623~~86521830 7,~~990,~~163,379.4472 3-A2 32,~~329~~984,~~234~~741.7755 ~~111~~108,~~137~~152,~~029~~287.3782 0.~~88909623~~86521830 32,~~329~~984,~~234~~741.7755 3-A3 ~~266~~238,~~338~~779.7832 8,~~890~~652,~~962~~183.3503 0.~~88909623~~86521830 ~~266~~238,~~338~~779.7832 3-A4 ~~665~~596,~~846~~948.9531 2221,~~227~~630,~~405~~457.8756 0.~~88909623~~86521830 ~~665~~596,~~846~~948.9531 3-A5 2,~~669~~393,~~726~~476.6819 8986,~~121~~727,~~228~~752.4021 0.~~88909623~~86521830 2,~~669~~393,~~726~~476.6819 3-A6 ~~199~~179,~~754~~084.0949 6,~~668~~489,~~221~~137.7627 0.~~88909623~~86521830 ~~199~~179,~~754~~084.0949 3-AX 0.00 0.00 0.00000000 0.00 3-PAX 0.00 0.00 0.00000000 0.00 4-A 1,~~661~~329,~~710~~473.2827 9290,~~221~~891,~~108~~634.0175 0.~~92239556~~90909817 1,~~661~~329,~~710~~473.2827 4-AX 0.00 0.00 0.00000000 0.00 5-A ~~639~~958,~~509~~057.0815 ~~106~~105,~~050~~092,~~334~~277.4328 0.~~95558059~~94694789 ~~639~~958,~~509~~057.0815 5-AX 0.00 0.00 0.00000000 0.00 B1 9,~~800~~758.0087 48,~~187~~177,~~133~~374.5366 0.~~99859359~~99839135 9,~~800~~758.0087 B2 2,~~204~~195.7247 10,~~840~~838,~~731~~536.9851 0.~~99859359~~99839135 2,~~204~~195.7247 B3 1,~~224~~219.6248 6,~~021~~020,~~519~~299.3385 0.~~99859359~~99839135 1,~~224~~219.6248 B4 1,~~224~~219.6248 6,~~021~~020,~~519~~299.3385 0.~~99859359~~99839135 1,~~224~~219.6248 B5 ~~857~~853.2364 4,~~215~~214,~~063~~209.5389 0.~~99859359~~99839135 ~~857~~853.2364 B6 ~~614~~612.8022 3,~~023,~~022,410.5129 0.~~99823651~~99803435 ~~614~~612.8022 P-I 0.00 0.00 0.00000000 0.00 P-II 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 2529,~~894~~878,~~774~~338.6130 1,~~080~~050,~~252~~374,~~361~~022.1182 0.~~89542020~~87065408 2529,~~894~~878,~~774~~338.6130

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 215,075,000.00 ~~857~~831.~~94049057~~35845333 0.~~21555560~~20046551 2642.~~36648165~~13353240 0.00000000 2-A 134,226,000.00 ~~915~~894.~~12243358~~71332588 0.~~17055831~~16850528 2036.~~23854939~~43807273 0.00000000 3-A1 300,000,000.00 ~~915~~889.~~73011307~~09623493 0.~~15017777~~14584863 2623.~~48370040~~73208377 0.00000000 3-A2 125,000,000.00 ~~915~~889.~~73011304~~09623496 0.~~15017776~~14584864 2623.~~48370040~~73208376 0.00000000 3-A3 10,000,000.00 ~~915~~889.~~73011300~~09623500 0.~~15017800~~14584900 2623.~~48370000~~73208400 0.00000000 3-A4 25,000,000.00 ~~915~~889.~~73011320~~09623480 0.~~15017760~~14584880 2623.~~48370040~~73208360 0.00000000 3-A5 100,238,000.00 ~~915~~889.~~73011303~~09623496 0.~~15017778~~14584868 2623.~~48370039~~73208374 0.00000000 3-A6 7,500,000.00 ~~915~~889.~~73011333~~09623467 0.~~15017733~~14584800 2623.~~48370000~~73208400 0.00000000 3-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A 99,980,000.00 ~~939~~922.~~01598610~~39555921 0.~~31600410~~31712162 1612.~~30442278~~98027055 0.00000000 4-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 5-A 110,980,000.00 ~~961~~955.~~34297639~~58059497 0.~~20415309~~20506479 58.~~55822824~~42763615 0.00000000 5-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 48,255,000.00 998.~~79667454~~59358678 0.~~20308776~~20223542 0.00000000 0.00000000 B2 10,856,000.00 998.~~79667465~~59358696 0.~~20308769~~20223563 0.00000000 0.00000000 B3 6,030,000.00 998.~~79667496~~59358706 0.~~20308789~~20223549 0.00000000 0.00000000 B4 6,030,000.00 998.~~79667496~~59358706 0.~~20308789~~20223549 0.00000000 0.00000000 B5 4,221,000.00 998.~~79667377~~59358683 0.~~20308695~~20223644 0.00000000 0.00000000 B6 3,028,363.00 998.~~43952327~~23650930 0.~~20301397~~20216203 0.00000000 0.00000000 P-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 2642.~~58203724~~33399791 ~~831~~789.~~35845333~~02445542 0.~~83135845~~78902446 2642.~~58203724~~33399791 2-A 0.00000000 2036.~~40910770~~60657801 ~~894~~858.~~71332588~~10674787 0.~~89471333~~85810675 2036.~~40910770~~60657801 3-A1 0.00000000 2623.~~63387813~~87793240 ~~889~~865.~~09623493~~21830253 0.~~88909623~~86521830 2623.~~63387813~~87793240 3-A2 0.00000000 2623.~~63387816~~87793240 ~~889~~865.~~09623496~~21830256 0.~~88909623~~86521830 2623.~~63387816~~87793240 3-A3 0.00000000 2623.~~63387800~~87793200 ~~889~~865.~~09623500~~21830300 0.~~88909623~~86521830 2623.~~63387800~~87793200 3-A4 0.00000000 2623.~~63387800~~87793240 ~~889~~865.~~09623480~~21830240 0.~~88909623~~86521830 2623.~~63387800~~87793240 3-A5 0.00000000 2623.~~63387817~~87793242 ~~889~~865.~~09623496~~21830254 0.~~88909623~~86521830 2623.~~63387817~~87793242 3-A6 0.00000000 2623.~~63387867~~87793200 ~~889~~865.~~09623467~~21830267 0.~~88909623~~86521830 2623.~~63387867~~87793200 3-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A 0.00000000 1613.~~62042689~~29739218 ~~922~~909.~~39555921~~09816713 0.~~92239556~~90909817 1613.~~62042689~~29739218 4-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 5-A 0.00000000 58.~~76238133~~63270094 ~~955~~946.~~58059497~~94789403 0.~~95558059~~94694789 58.~~76238133~~63270094 5-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~20308776~~20223542 998.~~59358678~~39135136 0.~~99859359~~99839135 0.~~20308776~~20223542 B2 0.00000000 0.~~20308769~~20223563 998.~~59358696~~39135133 0.~~99859359~~99839135 0.~~20308769~~20223563 B3 0.00000000 0.~~20308789~~20223549 998.~~59358706~~39135158 0.~~99859359~~99839135 0.~~20308789~~20223549 B4 0.00000000 0.~~20308789~~20223549 998.~~59358706~~39135158 0.~~99859359~~99839135 0.~~20308789~~20223549 B5 0.00000000 0.~~20308695~~20223644 998.~~59358683~~39135039 0.~~99859359~~99839135 0.~~20308695~~20223644 B6 0.00000000 0.~~20301397~~20216203 998.~~23650930~~03434727 0.~~99823651~~99803435 0.~~20301397~~20216203 P-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A1 215,075,000.00 4.~~52510~~52097% ~~184~~178,~~521~~804,~~551~~419.0135 ~~695~~673,~~815~~640.7257 0.00 0.00 2-A 134,226,000.00 4.~~68919~~68678% ~~122~~120,~~833~~093,~~223~~790.7788 ~~479~~469,~~990~~044.3109 0.00 0.00 3-A1 300,000,000.00 4.38000% ~~274~~266,~~719~~728,~~033~~870.9248 1973,~~002,724~~560.4738 0.00 0.00 3-A2 125,000,000.00 4.90000% ~~114~~111,~~466~~137,~~264~~029.1337 ~~467~~453,~~403~~809.9154 0.00 0.00 3-A3 10,000,000.00 3.93000% 98,~~157~~890,~~301~~962.1335 29,~~990~~117.1690 0.00 0.00 3-A4 25,000,000.00 4.20000% 22,~~893~~227,~~252~~405.8387 8077,~~126~~795.3892 0.00 0.00 3-A5 100,238,000.00 4.37700% 9189,~~790~~121,~~955~~228.0740 ~~334~~325,~~807~~069.5168 0.00 0.00 3-A6 7,500,000.00 4.38000% 6,~~867~~668,~~975~~221.8576 2524,~~068~~339.1101 0.00 0.00 3-AX 0.00 4.48000% 3735,~~957~~900,~~375~~397.3194 ~~141~~134,~~707~~028.5315 0.00 0.00 3-PAX 0.00 4.48000% 2423,~~249~~739,~~301~~195.8953 9088,~~530~~626.7333 0.00 0.00 4-A 99,980,000.00 4.62600% 9392,~~882~~221,~~818~~108.2901 ~~361~~355,~~918~~512.2637 0.00 0.00 4-AX 0.00 4.62600% 7,~~669~~488,~~600~~203.3143 2928,~~566~~867.3102 0.00 0.00 5-A 110,980,000.00 5.00000% 106,~~689~~050,~~843~~334.5243 ~~444~~441,~~541~~876.0139 0.00 0.00 5-AX 0.00 5.00000% 4,~~095~~023,~~291~~062.3155 1716,~~063~~762.7176 0.00 0.00 B1 48,255,000.00 4.~~62899~~62748% 48,~~196~~187,~~933~~133.53 185,~~919~~820.1081 0.00 0.00 B2 10,856,000.00 4.~~62899~~62748% 10,~~842~~840,~~936~~731.7098 41,~~826~~804.5039 0.00 0.00 B3 6,030,000.00 4.~~62899~~62748% 6,~~022~~021,~~743~~519.9533 23,~~232~~220.6638 0.00 0.00 B4 6,030,000.00 4.~~62899~~62748% 6,~~022~~021,~~743~~519.9533 23,~~232~~220.6638 0.00 0.00 B5 4,221,000.00 4.~~62899~~62748% 4,215,~~920~~063.7653 16,~~262~~254.8627 0.00 0.00 B6 3,028,363.00 4.~~62899~~62748% 3,023,~~637~~022.3151 11,~~663~~657.6448 0.00 0.00 P-I 0.00 0.00000% 0.00 0.00 0.00 0.00 P-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R 100.00 4.~~55185~~55049% 0.00 0.00 0.00 0.00 Totals 1,206,419,463.00 4,~~503~~394,~~391~~027.5482 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A1 0.00 0.00 ~~695~~673,~~815~~640.7257 0.00 ~~178~~169,~~804~~699,~~419~~434.3575 2-A 0.00 0.00 ~~479~~469,~~990~~044.3109 0.00 ~~120~~115,~~093~~180,~~790~~236.8834 3-A1 0.00 0.00 1973,~~002,724~~560.4838 0.00 ~~266~~259,~~728~~565,~~870~~490.4876 3-A2 0.00 0.00 ~~467~~453,~~403~~809.9154 0.00 ~~111~~108,~~137~~152,~~029~~287.3782 3-A3 0.00 0.00 29,~~990~~117.1690 0.00 8,~~890~~652,~~962~~183.3503 3-A4 0.00 0.00 8077,~~126~~795.3992 0.00 2221,~~227~~630,~~405~~457.8756 3-A5 0.00 0.00 ~~334~~325,~~807~~069.5168 0.00 8986,~~121~~727,~~228~~752.4021 3-A6 0.00 0.00 2524,~~068~~339.1101 0.00 6,~~668~~489,~~221~~137.7627 3-AX 0.00 0.00 ~~141~~134,~~707~~028.5315 0.00 3634,~~598~~811,~~618~~348.7172 3-PAX 0.00 0.00 9088,~~530~~626.7333 0.00 23,~~971~~334,~~131~~555.6496 4-A 0.00 0.00 ~~361~~355,~~918~~512.2737 0.00 9290,~~221~~891,~~108~~634.0175 4-AX 0.00 0.00 2928,~~566~~867.3102 0.00 7,~~525~~368,~~899~~265.3916 5-A 0.00 0.00 ~~444~~441,~~541~~876.0239 0.00 ~~106~~105,~~050~~092,~~334~~277.4328 5-AX 0.00 0.00 1716,~~063~~762.7176 0.00 43,~~069~~963,~~745~~872.3110 B1 0.00 0.00 185,~~919~~820.1081 0.00 48,~~187~~177,~~133~~374.5366 B2 0.00 0.00 41,~~826~~804.5039 0.00 10,~~840~~838,~~731~~536.9851 B3 0.00 0.00 23,~~232~~220.6638 0.00 6,~~021~~020,~~519~~299.3385 B4 0.00 0.00 23,~~232~~220.6638 0.00 6,~~021~~020,~~519~~299.3385 B5 0.00 0.00 16,~~262~~254.8627 0.00 4,~~215~~214,~~063~~209.5389 B6 0.00 0.00 11,~~663~~657.6448 0.00 3,~~023,~~022,410.5129 P-I 0.00 0.00 1637,~~978~~984.9415 0.00 0.00 P-II 0.00 0.00 1614,~~129~~954.4496 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,~~536~~446,~~499~~966.9693 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A1 215,075,000.00 4.~~52510~~52097% ~~857~~831.~~94049057~~35845333 3.~~23522362~~13211935 0.00000000 0.00000000 2-A 134,226,000.00 4.~~68919~~68678% ~~915~~894.~~12243358~~71332588 3.~~57598610~~49443543 0.00000000 0.00000000 3-A1 300,000,000.00 4.38000% ~~915~~889.~~73011307~~09623493 3.~~34241490~~24520127 0.00000000 0.00000000 3-A2 125,000,000.00 4.90000% ~~915~~889.~~73011304~~09623496 3.~~73923128~~63047632 0.00000000 0.00000000 3-A3 10,000,000.00 3.93000% ~~915~~889.~~73011300~~09623500 2.~~99901600~~91179000 0.00000000 0.00000000 3-A4 25,000,000.00 4.20000% ~~915~~889.~~73011320~~09623480 3.~~20505520~~11183680 0.00000000 0.00000000 3-A5 100,238,000.00 4.37700% ~~915~~889.~~73011303~~09623496 3.~~34012560~~24297851 0.00000000 0.00000000 3-A6 7,500,000.00 4.38000% ~~915~~889.~~73011333~~09623467 3.~~34241467~~24520133 0.00000000 0.00000000 3-AX 0.00 4.48000% ~~851~~805.~~48224034~~33891022 3.~~17886693~~00659855 0.00000000 0.00000000 3-PAX 0.00 4.48000% ~~939~~919.~~20583387~~44877565 3.~~50636856~~43260876 0.00000000 0.00000000 4-A 99,980,000.00 4.62600% ~~939~~922.~~01598610~~39555921 3.~~61990658~~55583487 0.00000000 0.00000000 4-AX 0.00 4.62600% ~~909~~888.~~62637788~~11242927 3.~~50660978~~42367291 0.00000000 0.00000000 5-A 110,980,000.00 5.00000% ~~961~~955.~~34297639~~58059497 43.~~00559569~~98158578 0.00000000 0.00000000 5-AX 0.00 5.00000% ~~917~~901.~~41033820~~22994806 3.~~82254223~~75512464 0.00000000 0.00000000 B1 48,255,000.00 4.~~62899~~62748% 998.~~79667454~~59358678 3.~~85284634~~85080945 0.00000000 0.00000000 B2 10,856,000.00 4.~~62899~~62748% 998.~~79667465~~59358696 3.~~85284635~~85080969 0.00000000 0.00000000 B3 6,030,000.00 4.~~62899~~62748% 998.~~79667496~~59358706 3.~~85284577~~85080929 0.00000000 0.00000000 B4 6,030,000.00 4.~~62899~~62748% 998.~~79667496~~59358706 3.~~85284577~~85080929 0.00000000 0.00000000 B5 4,221,000.00 4.~~62899~~62748% 998.~~79667377~~59358683 3.~~85284530~~85081023 0.00000000 0.00000000 B6 3,028,363.00 4.~~62899~~62748% 998.~~43952327~~23650930 3.~~85146695~~84943285 0.00000000 0.00000000 P-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 4.~~55185~~55049% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A1 0.00000000 0.00000000 3.~~23522362~~13211935 0.00000000 ~~831~~789.~~35845333~~02445542 2-A 0.00000000 0.00000000 3.~~57598610~~49443543 0.00000000 ~~894~~858.~~71332588~~10674787 3-A1 0.00000000 0.00000000 3.~~34241493~~24520127 0.00000000 ~~889~~865.~~09623493~~21830253 3-A2 0.00000000 0.00000000 3.~~73923128~~63047632 0.00000000 ~~889~~865.~~09623496~~21830256 3-A3 0.00000000 0.00000000 2.~~99901600~~91179000 0.00000000 ~~889~~865.~~09623500~~21830300 3-A4 0.00000000 0.00000000 3.~~20505560~~11183680 0.00000000 ~~889~~865.~~09623480~~21830240 3-A5 0.00000000 0.00000000 3.~~34012560~~24297851 0.00000000 ~~889~~865.~~09623496~~21830254 3-A6 0.00000000 0.00000000 3.~~34241467~~24520133 0.00000000 ~~889~~865.~~09623467~~21830267 3-AX 0.00000000 0.00000000 3.~~17886693~~00659855 0.00000000 ~~821~~780.~~00181053~~90871551 3-PAX 0.00000000 0.00000000 3.~~50636856~~43260876 0.00000000 ~~928~~903.~~43195169~~77657831 4-A 0.00000000 0.00000000 3.~~61990668~~55583487 0.00000000 ~~922~~909.~~39555921~~09816713 4-AX 0.00000000 0.00000000 3.~~50660978~~42367291 0.00000000 ~~892~~873.~~58322803~~88756622 5-A 0.00000000 0.00000000 43.~~00559578~~98158578 0.00000000 ~~955~~946.~~58059497~~94789403 5-AX 0.00000000 0.00000000 3.~~82254223~~75512464 0.00000000 ~~911~~887.~~68762821~~97034657 B1 0.00000000 0.00000000 3.~~85284634~~85080945 0.00000000 998.~~59358678~~39135136 B2 0.00000000 0.00000000 3.~~85284635~~85080969 0.00000000 998.~~59358696~~39135133 B3 0.00000000 0.00000000 3.~~85284577~~85080929 0.00000000 998.~~59358706~~39135158 B4 0.00000000 0.00000000 3.~~85284577~~85080929 0.00000000 998.~~59358706~~39135158 B5 0.00000000 0.00000000 3.~~85284530~~85081023 0.00000000 998.~~59358683~~39135039 B6 0.00000000 0.00000000 3.~~85146695~~84943285 0.00000000 998.~~23650930~~03434727 P-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3034,~~667~~555,~~229~~743.9095 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3034,~~667~~555,~~229~~743.9095 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~235~~230,~~955~~438.3372 Payment of Interest and Principal 3034,~~431~~325,~~274~~305.5723 Total Withdrawals (Pool Distribution Amount) 3034,~~667~~555,~~229~~743.9095 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~231~~225,~~346~~937.3868 Wells Fargo Bank, N.A. 4,~~608~~501.9504 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~235~~230,~~955~~438.3372

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 988,868.67 0.00 0.00 988,868.67 30 Days 3328 0 0 0 3328 1213,~~730~~079,~~280~~636.3350 0.00 0.00 0.00 1213,~~730~~079,~~280~~636.3350 60 Days 67 0 0 0 67 2,~~293~~829,~~948~~210.51 0.00 0.00 0.00 2,~~293~~829,~~948~~210.51 90 Days 01 0 0 0 01 0244,500.00 0.00 0.00 0.00 0244,500.00 120 Days 10 0 10 0 20 ~~1,439,999~~0.5000 0.00 ~~332,499~~0.8000 0.00 ~~1,772,499~~0.3000 150 Days 0 0 12 0 12 0.00 0.00 ~~111~~1,~~765~~772,499.5230 0.00 ~~111~~1,~~765~~772,499.5230 180+ Days 1 0 0 2 0 12 ~~311,920~~0.00 0.00 0423,685.0052 0.00 ~~311~~423,~~920~~685.0052 Totals 4136 3 24 0 4643 16,~~776~~153,~~148~~347.3401 988,868.67 ~~444~~2,~~265~~196,184.3282 0.00 1819,~~209~~338,~~282~~400.3350 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~092851~~095268% 0.000000% 0.000000% 0.~~092851~~095268% 0.~~091527~~094130% 0.000000% 0.000000% 0.~~091527~~094130% 30 Days 10.~~021356~~889171% 0.000000% 0.000000% 0.000000% 10.~~021356~~889171% 1.~~178285~~245044% 0.000000% 0.000000% 0.000000% 1.~~178285~~245044% 60 Days 0.~~185701~~222293% 0.000000% 0.000000% 0.000000% 0.~~185701~~222293% 0.~~212323~~269311% 0.000000% 0.000000% 0.000000% 0.~~212323~~269311% 90 Days 0.~~000000~~031756% 0.000000% 0.000000% 0.000000% 0.~~000000~~031756% 0.~~000000~~023274% 0.000000% 0.000000% 0.000000% 0.~~000000~~023274% 120 Days 0.~~030950~~000000% 0.000000% 0.~~030950~~000000% 0.000000% 0.~~061900~~000000% 0.~~133283~~000000% 0.000000% 0.~~030775~~000000% 0.000000% 0.~~164058~~000000% 150 Days 0.000000% 0.000000% 0.~~030950~~063512% 0.000000% 0.~~030950~~063512% 0.000000% 0.000000% 0.~~010345~~168723% 0.000000% 0.~~010345~~168723% 180+ Days 0.~~030950~~000000% 0.000000% 0.~~000000~~063512% 0.000000% 0.~~030950~~063512% 0.~~028871~~000000% 0.000000% 0.~~000000~~040330% 0.000000% 0.~~028871~~040330% Totals 1.~~268957~~143220% 0.~~092851~~095268% 0.~~061900~~127024% 0.000000% 1.~~423708~~365513% 1.~~552762~~537629% 0.~~091527~~094130% 0.~~041120~~209054% 0.000000% 1.~~685409~~840813%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 46 0 0 0 46 12,~~427~~538,~~987~~090.7892 0.00 0.00 0.00 12,~~427~~538,~~987~~090.7892 60 Days 2 0 0 0 2 ~~667~~1,~~495~~150,745.1222 0.00 0.00 0.00 ~~667~~1,~~495~~150,745.1222 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 10 0 0 0 10 ~~1,439,999~~0.5000 0.00 0.00 0.00 ~~1,439,999~~0.5000 150 Days 0 0 01 0 01 0.00 0.00 01,439,999.0050 0.00 01,439,999.0050 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 78 0 01 0 79 3,~~535~~688,~~482~~836.4014 0.00 01,439,999.0050 0.00 35,~~535~~128,~~482~~835.4064 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~840336~~312910% 0.000000% 0.000000% 0.000000% 01.~~840336~~312910% 01.~~736990~~374519% 0.000000% 0.000000% 0.000000% 01.~~736990~~374519% 60 Days 0.~~420168~~437637% 0.000000% 0.000000% 0.000000% 0.~~420168~~437637% 0.~~344497~~623193% 0.000000% 0.000000% 0.000000% 0.~~344497~~623193% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.~~210084~~000000% 0.000000% 0.000000% 0.000000% 0.~~210084~~000000% 0.~~743189~~000000% 0.000000% 0.000000% 0.000000% 0.~~743189~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~218818% 0.000000% 0.~~000000~~218818% 0.000000% 0.000000% 0.~~000000~~779841% 0.000000% 0.~~000000~~779841% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~470588~~750547% 0.000000% 0.~~000000~~218818% 0.000000% 1.~~470588~~969365% 1.~~824676~~997713% 0.000000% 0.~~000000~~779841% 0.000000% 12.~~824676~~777554% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 43 0 0 0 43 1760,~~194,829~~870.5557 0.00 0.00 0.00 1760,~~194,829~~870.5557 60 Days 20 0 0 0 20 ~~526,453~~0.4000 0.00 0.00 0.00 ~~526,453~~0.4000 90 Days 01 0 0 0 01 0244,500.00 0.00 0.00 0.00 0244,500.00 120 Days 0 0 10 0 10 0.00 0.00 ~~332,499~~0.8000 0.00 ~~332,499~~0.8000 150 Days 0 0 01 0 01 0.00 0.00 0332,499.0080 0.00 0332,499.0080 180 Days 1 0 0 1 0 1 ~~311,920~~0.00 0.00 0311,920.00 0.00 311,920.00 Totals 74 0 12 0 86 21,~~033~~005,~~202~~370.9557 0.00 ~~332~~644,~~499~~419.80 0.00 21,~~365~~649,~~702~~790.7537 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~823045~~639659% 0.000000% 0.000000% 0.000000% 0.~~823045~~639659% 0.~~923135~~611051% 0.000000% 0.000000% 0.000000% 0.~~923135~~611051% 60 Days 0.~~411523~~000000% 0.000000% 0.000000% 0.000000% 0.~~411523~~000000% 0.~~406742~~000000% 0.000000% 0.000000% 0.000000% 0.~~406742~~000000% 90 Days 0.~~000000~~213220% 0.000000% 0.000000% 0.000000% 0.~~000000~~213220% 0.~~000000~~196357% 0.000000% 0.000000% 0.000000% 0.~~000000~~196357% 120 Days 0.000000% 0.000000% 0.~~205761~~000000% 0.000000% 0.~~205761~~000000% 0.000000% 0.000000% 0.~~256892~~000000% 0.000000% 0.~~256892~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~213220% 0.000000% 0.~~000000~~213220% 0.000000% 0.000000% 0.~~000000~~267029% 0.000000% 0.~~000000~~267029% 180 Days 0.~~205761~~000000% 0.000000% 0.~~000000~~213220% 0.000000% 0.~~205761~~213220% 0.~~240992~~000000% 0.000000% 0.~~000000~~250501% 0.000000% 0.~~240992~~250501% Totals 10.~~440329~~852878% 0.000000% 0.~~205761~~426439% 0.000000% 1.~~646091~~279318% 10.~~570868~~807408% 0.000000% 0.~~256892~~517530% 0.000000% 1.~~827760~~324938% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3-AX No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 988,868.67 0.00 0.00 988,868.67 30 Days 117 0 0 0 117 32,~~427~~281,~~983~~076.5315 0.00 0.00 0.00 32,~~427~~281,~~983~~076.5315 60 Days 13 0 0 0 13 ~~449~~298,~~999~~639.9998 0.00 0.00 0.00 ~~449~~298,~~999~~639.9998 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~111,765~~0.5200 0.00 ~~111,765~~0.5200 180 Days 0 0 01 0 01 0.00 0.00 0111,765.0052 0.00 0111,765.0052 Totals 1210 3 1 0 1614 32,~~877~~579,~~983~~716.5213 988,868.67 111,765.52 0.00 43,~~978~~680,~~617~~350.7132 0-29 Days 0.~~261552~~267618% 0.000000% 0.000000% 0.~~261552~~267618% 0.~~292576~~301710% 0.000000% 0.000000% 0.~~292576~~301710% 30 Days 0.~~959024~~624442% 0.000000% 0.000000% 0.000000% 0.~~959024~~624442% 10.~~014236~~695971% 0.000000% 0.000000% 0.000000% 10.~~014236~~695971% 60 Days 0.~~087184~~267618% 0.000000% 0.000000% 0.000000% 0.~~087184~~267618% 0.~~133141~~091117% 0.000000% 0.000000% 0.000000% 0.~~133141~~091117% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.~~087184~~000000% 0.000000% 0.~~087184~~000000% 0.000000% 0.000000% 0.~~033068~~000000% 0.000000% 0.~~033068~~000000% 180 Days 0.000000% 0.000000% 0.~~000000~~089206% 0.000000% 0.~~000000~~089206% 0.000000% 0.000000% 0.~~000000~~034100% 0.000000% 0.~~000000~~034100% Totals 10.~~046207~~892061% 0.~~261552~~267618% 0.~~087184~~089206% 0.000000% 1.~~394943~~248885% 10.~~147377~~787088% 0.~~292576~~301710% 0.~~033068~~034100% 0.000000% 1.~~473022~~122899% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3-PAX No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 119 0 0 0 119 56,~~149~~127,~~063~~353.5488 0.00 0.00 0.00 56,~~149~~127,~~063~~353.5488 60 Days 12 0 0 0 12 ~~650~~1,~~000~~379,825.0031 0.00 0.00 0.00 ~~650~~1,~~000~~379,825.0031 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1211 0 0 0 1211 57,~~799~~507,~~063~~179.5419 0.00 0.00 0.00 57,~~799~~507,~~063~~179.5419 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~867572~~562500% 0.000000% 0.000000% 0.000000% 1.~~867572~~562500% 23.~~496231~~019184% 0.000000% 0.000000% 0.000000% 23.~~496231~~019184% 60 Days 0.~~169779~~347222% 0.000000% 0.000000% 0.000000% 0.~~169779~~347222% 0.~~315116~~679893% 0.000000% 0.000000% 0.000000% 0.~~315116~~679893% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~037351~~909722% 0.000000% 0.000000% 0.000000% 21.~~037351~~909722% 23.~~811347~~699077% 0.000000% 0.000000% 0.000000% 23.~~811347~~699077% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~947~~403,~~661~~607.2144 0.00 0.00 0.00 ~~947~~403,~~661~~607.2144 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 ~~947~~403,~~661~~607.2144 0.00 0.00 0.00 ~~947~~403,~~661~~607.2144 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~370370~~375940% 0.000000% 0.000000% 0.000000% 0.~~370370~~375940% 0.~~955482~~412480% 0.000000% 0.000000% 0.000000% 0.~~955482~~412480% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~370370~~375940% 0.000000% 0.000000% 0.000000% 0.~~370370~~375940% 0.~~955482~~412480% 0.000000% 0.000000% 0.000000% 0.~~955482~~412480% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 ~~582~~968,~~754~~637.7254 0.00 0.00 0.00 ~~582~~968,~~754~~637.7254 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 ~~582~~968,~~754~~637.7254 0.00 0.00 0.00 ~~582~~968,~~754~~637.7254 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~760456~~769231% 0.000000% 0.000000% 0.000000% 0.~~760456~~769231% 0.~~512202~~858616% 0.000000% 0.000000% 0.000000% 0.~~512202~~858616% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~760456~~769231% 0.000000% 0.000000% 0.000000% 0.~~760456~~769231% 0.~~512202~~858616% 0.000000% 0.000000% 0.000000% 0.~~512202~~858616%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00 Class B-1 30,165,363.00 2.50040421% 30,~~121~~115,~~856~~756.6839 2.~~78840924~~86714596% 4.~~460729~~586688% 0.000000% Class B-2 19,309,363.00 1.60055135% 19,~~281~~277,~~124~~219.7088 1.~~78487226~~83527196% 1.~~003537~~031874% 0.000000% Class B-3 13,279,363.00 1.10072520% 13,~~259~~256,~~605~~920.3703 1.~~22745442~~26211423% 0.~~557418~~573158% 0.000000% Class B-4 7,249,363.00 0.60089904% 7,~~238~~236,~~086~~620.0418 0.~~67003659~~68895651% 0.~~557418~~573158% 0.000000% Class B-5 3,028,363.00 0.25102073% 3,~~023,~~022,410.5129 0.~~27984410~~28774610% 0.~~390192~~401210% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~279844~~287746% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 344,042.00 0.02851761% 344,042.00 0.~~03184830~~03275424% Fraud 24,128,390.00 2.00000006% 24,128,390.00 2.~~23358827~~29712364% Special Hazard 12,064,195.00 1.00000003% 10,~~802~~503,~~523~~740.6123 1.00000000% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 5.~~141464~~137095% Weighted Average Net Coupon 4.~~890489~~886113% Weighted Average Pass-Through Rate 4.~~885489~~881113% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 3,~~295~~231 Number Of Loans Paid In Full 6482 Ending Scheduled Collateral Loan Count 3,~~231~~149 Beginning Scheduled Collateral Balance 1,~~106~~080,~~147~~252,~~135~~361.7210 Ending Scheduled Collateral Balance 1,~~080~~050,~~252~~374,~~361~~022.1080 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 1,~~080~~050,~~407~~535,~~244~~829.6145 Monthly P &I Constant 4,~~964~~843,~~038~~325.6560 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 1,082.22 Ending Scheduled Balance for Premium Loans 1,~~080~~050,~~252~~374,~~361~~022.1080 Scheduled Principal ~~224~~218,~~692~~859.6079 Unscheduled Principal 2529,~~670~~659,~~082~~478.0251

Group Level Collateral Statement Group 1 2 3-AX Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~781120~~777013 4.~~944190~~941778 5.~~221170~~211525 Weighted Average Net Rate 4.~~530102~~525966 4.~~694190~~691778 4.~~968712~~959027 Weighted Average Maturity ~~352~~351 ~~352~~351 ~~352~~351 Beginning Loan Count ~~490~~476 ~~495~~486 1,~~179~~147 Loans Paid In Full 1419 917 3226 Ending Loan Count ~~476~~457 ~~486~~469 1,~~147~~121 Beginning Scheduled Balance ~~199~~193,~~451~~730,~~597~~715.9010 ~~132~~129,~~154~~413,~~940~~770.2601 ~~350~~337,~~179~~943,~~953~~148.5431 Ending scheduled Balance ~~193~~184,~~730~~622,~~715~~131.1032 ~~129~~124,~~413~~498,~~770~~460.0120 ~~337~~327,~~943~~709,~~148~~916.3179 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~844~~817,~~780~~926.0415 ~~569~~557,~~130~~318.0414 1,~~587~~529,~~970~~426.2192 Scheduled Principal 5046,~~111~~714.7630 24,~~630~~373.7206 6461,~~345~~760.9193 Unscheduled Principal 59,~~670~~061,~~771~~869.0448 24,~~716~~890,~~539~~936.5375 1210,~~172~~171,~~459~~470.3259 Scheduled Interest ~~794~~771,~~668~~211.2885 ~~544~~532,~~499~~945.3208 1,~~523~~467,~~624~~665.3099 Servicing Fees 4140,~~721~~529.5367 2726,~~532~~961.2921 7371,~~671~~108.5034 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~831~~807.0421 ~~550~~539.6622 1,~~459~~408.0811 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~752~~729,~~115~~874.7197 ~~516~~505,~~416~~444.3765 1,~~448~~395,~~493~~149.7254 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 1,082.22 Percentage of Cumulative Losses 0.0000 0.0000 0.0003 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~525102~~520966 4.~~689190~~686778 4.~~963712~~954027

Group Level Collateral Statement Group 3-PAX 4 5 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~252541~~248741 5.~~259053~~256766 5.~~446925~~444677 Weighted Average Net Rate 54.~~002541~~998742 5.~~008913~~006624 5.~~196925~~194677 Weighted Average Maturity ~~353~~352 ~~353~~ 352 351 Beginning Loan Count ~~594~~589 ~~273~~270 ~~264~~263 Loans Paid In Full 513 4 3 1 Ending Loan Count ~~589~~576 ~~270~~266 ~~263~~260 Beginning Scheduled Balance ~~209~~206,~~144~~254,~~749~~023.3040 ~~100~~99,~~820~~156,~~460~~415.4446 ~~114~~113,~~395~~754,~~434~~288.2882 Ending scheduled Balance ~~206~~202,~~254~~924,~~023~~378.4025 9997,~~156~~824,~~415~~557.4682 ~~113~~112,~~754~~794,~~288~~578.8242 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~942~~929,~~833~~655.3200 ~~475~~468,~~778~~458.9558 ~~543~~540,~~546~~540.0981 Scheduled Principal 27,~~382~~509.1397 3334,~~928~~090.7919 24,~~293~~411.2934 Unscheduled Principal 23,~~863~~302,~~343~~135.7718 1,~~630~~297,~~116~~767.1945 ~~616~~935,~~852~~299.1706 Scheduled Interest ~~915~~902,~~451~~145.1903 ~~441~~434,~~850~~368.1639 ~~519~~516,~~252~~129.8047 Servicing Fees 4342,~~571~~969.8257 2120,~~016~~669.0435 23,~~832~~698.3681 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~871~~859.4438 ~~420~~413.0914 ~~476~~473.6498 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~871~~858,~~007~~316.9308 ~~420~~413,~~414~~285.0390 ~~494~~491,~~943~~956.8068 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~997541~~993741 5.~~003913~~001624 5.~~191925~~189677

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 5.~~141464~~137095 Weighted Average Net Rate 4.~~890489~~886113 Weighted Average Maturity ~~352~~351.00 Record Date 1011/3130/2004 Principal And Interest Constant 4,~~964~~843,~~038~~325.6560 Beginning Loan Count 3,~~295~~231 Loans Paid In Full 6482 Ending Loan Count 3,~~231~~149 Beginning Scheduled Balance 1,~~106~~080,~~147~~252,~~135~~361.7210 Ending Scheduled Balance 1,~~080~~050,~~252~~374,~~361~~022.1080 Scheduled Principal ~~224~~218,~~692~~859.6079 Unscheduled Principal 2529,~~670~~659,~~082~~478.0251 Scheduled Interest 4,~~739~~624,~~346~~465.0581 Servicing Fee ~~231~~225,~~345~~936.5495 Master Servicing Fee 0.00 Trustee Fee 4,~~608~~501.9504 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 4,~~503~~394,~~391~~027.5682 Realized Loss Amount 0.00 Cumulative Realized Loss 1,082.22 Percentage of Cumulative Losses 0.0001 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.~~885489~~881113

Filing Compare · STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 2004-5